[WSBARP] land in Indian country
scott at scottgthomaslaw.com
scott at scottgthomaslaw.com
Sun May 24 09:50:04 PDT 2020
I am trying to understand the preferred practice to record a transfer of
property in Indian country. PC is purchasing a home built on a lot in a
residential real estate development situated within a reservation. The lot
is leased to the seller, and the property to be purchased by PC consists
primarily of the lot improvements, i.e., the structure and landscaping. I
had always thought that an assignment of lease and a bill of sale would be
adequate to transfer all of seller's interests in this context. But in some
transactions I am seeing a statutory warranty deed also recorded to transfer
the leasehold interest (i.e., all 3 recorded simultaneously). The lease
assignments and the deeds describe the same property. Is this a belt and
suspenders approach, or am I missing something?
Scott G. Thomas
Thomas Law Group, P.S.
1204 Cleveland Ave.
Mount Vernon, WA 98273
Scott at ScottGThomasLaw.com <mailto:Scott at ScottGThomasLaw.com>
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